*Videocon Industries* disclosed a phenomenal drop in standalone net profit for the quarter ended December 2008, due to rise in interestd and depreciation costs. During the quarter, the profit of the company declined 75.78% to Rs 604.30 million from Rs 2,494.90 million in the same quarter last year.
Net sales declined 12.17% to Rs 20,747 million, while total income for the quarter fell 13.19% to Rs 20,806.20 million, when compared with the prior year period. The company posted earnings of Rs 2.63 a share during the quarter, registering 76.43% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 20,746.70 23,621.60 (12.17) *Net Profit* 604.30 2,494.90 (75.78) *Basic EPS* 2.63 11.16 (76.43) Interest cost increased 82.41% to Rs 1,494.70 million while depreciation cost rose 12.96% to Rs 1,380.20 million over previous year period. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
